Bike-sharing Archives - Page 3 of 4

Mobike Begins Car Sharing Business in Guizhou

Mobike held the opening ceremony for its car sharing business in Guian District, Guizhou province on December 29.

Bike-Sharing in 2017: Industry Starts to Transform from Crazy to Rational

Business that target the sharing economy – especially shared bikes – have been the darlings of investors since 2015.

Top 10 Internet Trends in 2017

2017 is coming to an end and it’s time to sum it up. Every year, countless products emerge, occur, change and die. Along with the growth of the Internet, we reviewed ten Internet trends of 2017.

Mobike Sues Advertisers: Beijing, Guangzhou Fleets Plastered with Illegal Ads

Mobike is declaring war on illegal ads. Mobike sued Shanghai Huijia Information Technology in Shanghai Pudong District People’s Court on December 14. Mobike demanded the defendant immediately stop attaching illegal ads to Mobike bikes, and to compensate for its infringement and to publicly issue a statement to eliminate the bad effect.

Mobike Awarded with UN’s Top Environmental Prize

Over the past year, the percentage of people traveling China’s major cities by bicycle has risen from 5.5 percent to 11.6 percent.

Mobike Denies Misappropriating Deposit, Says Users Can Withdraw Any Time

Mobike rejected a November report that it and its competitor ofo had run into liquidity problems and started using users’ deposited funds to support their expansion. Mobike holds approximately 6 billion yuan in deposited funds. Mobike and ofo also reportedly stoped paying their debts to bicycle factories and PR companies.

Another Bike Sharing Company Bites the Dust: Employees Say Bluegogo is Gonegone

On November 15, Bike sharing company Bluegogo employees posted on a professional social platform that Bluegogo had been disbanded, and it will continue to default on employee salaries until February 10, 2018.

Los Angeles Next Stop in ofo’s North American Expansion

China’s shared bike startup ofo has entered Los Angeles and is offering bicycles for rent in Griffith Park. In celebration of the annual autumn festival, ofo arranged booths throughout the park where residents and visitors can test drive ofo bikes and experience bike-sharing culture.

Shenzhen will Pilot Smart Bike Dock Lock for Shared Bikes

The reporter learns from Shenzhen Road Management Center that Shenzhen plans pilot smart dock lock of shared bikes. When residents return bikes in demonstration region, lock pile could read label and automatically lock bikes. The demonstration site, located in Yuehai Sub-district, Nanshan District in Shenzhen, will set up 30 parking areas, 2000 lock piles and […]

The Chinese hackers made $3000 by hacking into shared bike accounts

On September 25th, the Shenzhen City Procuratorate arrested two suspects—Yang and Wu—on the suspicion of using third-party software to modify personal accounts on shared bicycles and over 20,000 RMB (around $3000) from 34 different users. It is noticed that shared bicycle companies always launched a variety of promotions and gave out red pockets to users. […]

ofo Investor Says it is Profitable Only When Mobike Merges with ofo

On the Third Fudan Chief Economist Forum in Shanghai, when talking about sharing bicycle development, Allen Zhu, the managing director of GSR Venture and investor of ofo, said that Mobike and ofo accounted for 95% of the total market share, but they still would spend more fund in operation. Profitability is possible only when the […]

Mobike Just Landed Washington, D.C.

On September 20, Mobike made its way to Washington, D.C., officially landing on the North American market. It also marks that Mobike featured Chinese creativity has entered the eighth country, which is a milestone in Mobike’s international expansion and leads Chinese innovation sail abroad. Washington D.C. welcomes the arrival of Mobike. The two sides worked […]

Beijing stops launching new sharing bikes and to issue guidance

On September 7, the Beijing Municipal Commission of Transport convened managers of the district management departments and 15 sharing bike companies. After listening to the opinions and advices on sharing bikes’ delivery and management, the commission decided to stop putting new sharing bikes into markets. All the sharing bike companies show their understanding and support […]

Honeymoon between sharing-bicycle companies and traditional bike makers comes to an end

A year-long “honeymoon” between sharing-bicycle companies and traditional bike makers is likely to come to an end. In past one year, the three major bicycle factories have reached cooperation with the sharing cycles. In 2016, Tianjin Pigeon Bicycle factory was the first to cooperate with ofo in July of that year, U-Bicycle company reached a […]

Shared commute again was under the spotlight in China

In early August, a batch of brand new BMW 1-series sedans showed on the streets of Shenyang. These luxury vehicles, equipped with Wifi connection, facial recognition, smart voice assistant, are shared cars which cost users only 1.5RMB per kilometer. Though it turned out that BMW Brilliance Automobile or BMW China were not behind this, luxury […]

ofo will upgrade its locks which “snap open with single touch”

On August 22, ofo announced it has completed the R&D of the brand new smart lock supporting NFC payment and began mass production. The new locks will be released in October. Users can use their electronic devices with NFC function to open immediately ofo bike’s lock, the first smart lock supporting NFC payment in the […]

Mobike Announces Its Entry into Italy

On July 25, Mobike announced its arrival in Italy, the first Mobike bicycles to move into Florence and Milan. Italy is the 4th overseas country that Mobike has entered after Singapore, Britain and Japan. The mayor of Fiorence, Dario Nardella, and mayor of Milan, Beppe Sala, both welcomed Mobike to their cities. It is reported […]

China’s Bike-Sharing Business Meets Mixed Response Abroad

It only took two years for colorful rental bikes to dominate the landscape of China’s prosperous cities. Across the country, users have built a habit of finding a bike, scanning its code, riding off and locking up. The simple process has made rental bikes a key ingredient in solving the problem of “the last mile.” […]

ofo Raises 700 Million US Dollar Series E, Led by Alibaba

On July 6, Chinese bike-sharing start-up ofo announced a 700 million dollar funding round. The Series E funding was led by Alibaba, Hony Capital, and CITIC Private Equity, with additional investment from current investors Didi Chuxing and DST Global. CEC Capital served as the exclusive financial advisor to ofo in the transaction. This news is […]

Another Bike Sharing Company Bites the Dust. Founder: I Am Not Optimistic About Bike-Sharing

After Wukong Bikes’ bankruptcy just 8 days ago – June 8th 2017 – yet another bike-sharing company has gone bust. On June 21st, 3Vbike announced that it is going out of business, primarily due to a large amount of stolen bikes causing a strain on liquidity. This may come as a surprise to the company’s […]

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